USD/CAD remains weak as long as prices remain below the key resistance at 1.2589. A support stands at 1.240. Another resistance is given at 1.2624, whereas a strong support lies at 1.2356. Expected to show renewed short-term weakness.
In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head further lower.